📊 Example Accountancy • Financial Health Snapshot

How healthy are your business finances?

Answer a few quick “yes/no” questions to see how mature your accounting and finance practices are. A “Yes” is always the stronger answer. Designed for UK small businesses under £2m turnover – including those that simply want to stay steady and sustainable.

⏱️ 3–4 minutes • From Example Accountancy for small businesses < £2m
1 Record-keeping Current
2 Cash flow & budget Pending
3 Reporting & insight Pending
4 Tax & compliance Pending
5 Strategy & advisory Pending

Record-Keeping & Bookkeeping

How strong are your foundations? These questions focus on the basics: keeping your numbers accurate and up to date.

  • 1. Do you keep your bookkeeping up to date at least once per month?

  • 2. Do you reconcile your bank accounts regularly (at least monthly)?

  • 3. Do you consistently keep receipts and invoices organised (digitally or physically)?

  • 4. Do you use accounting software rather than spreadsheets for day-to-day records?

Cash Flow & Budgeting

Strong cash flow keeps the lights on. These questions look at how well you plan and monitor your money in and out.

  • 5. Do you maintain a cash-flow forecast covering at least the next 3–6 months?

  • 6. Do you monitor actual performance versus your forecast on a regular basis?

  • 7. Do you set aside money for upcoming tax liabilities (VAT, corporation tax, self-assessment, payroll taxes)?

  • 8. Do you review your pricing and costs at least annually to ensure profitability?

Financial Reporting & Insight

Good data only helps if you look at it. These questions cover how much visibility you have on performance.

  • 9. Do you prepare monthly or quarterly management accounts (profit & loss, balance sheet, cash flow)?

  • 10. Do you review key financial metrics (e.g., gross margin, net margin, debtor days) at least quarterly?

  • 11. Do you understand your business’s break-even point and monitor it occasionally?

  • 12. Do you compare current results against previous periods (year-on-year or month-on-month)?

Tax, Compliance & Payroll

Staying compliant protects you from fines and headaches. These questions assess your approach to deadlines and processes.

  • 13. Do you file all tax returns and statutory accounts on time without last-minute rush?

  • 14. Do you have documented processes for VAT, payroll, or other compliance tasks?

  • 15. Do you review your business structure and tax planning at least once per year?

Strategy & Advisory

Mature finance isn’t just about numbers; it’s about direction. These questions look at your planning and use of advice, whether you want to grow or simply keep things running smoothly.

  • 16. Do you set financial goals for the year (revenue, profit, cash targets)?

  • 17. Do you review these goals regularly with an accountant or advisor?

  • 18. Do you prepare a budget for the year and track progress against it?

  • 19. Do you plan ahead for major purchases or investments instead of making reactive decisions?

  • 20. Do you have a clear understanding of your company’s long-term financial strategy?

Step 1 of 5
Please answer all questions in this section before continuing.
Score: 0 / 20 “Yes” answers across all areas
Financial health snapshot TBC

    Ready to strengthen your finances?

    Whether you want steady, stress-free finances or you’re aiming for growth, Example Accountancy can walk through your bookkeeping, cash flow and tax position and agree a clear, practical action plan that fits a business under £2m turnover.

    Book a free financial health call

    No obligation – just straightforward ideas tailored to your business.